Rounding Out His Portfolio

Guido does a quick estimate of the total dollar amount of checks he has written by adding up only the whole dollar amounts and then adding to this total a correction of $.50 per check. Assume he does this with 48 checks. Approximately how likely is it that the total he obtains is more than $6 off from the true total?


Joe Petruccelli < jdp@wpi.edu>
Last modified: Fri Jan 17 16:39:17 EST 2003